Resignation of Waheed Sulaiman at the Group Chief Executive Officer and director of Wescoal WESCOAL HOLDINGS LIMITED Incorporated in the Republic of South Africa (Registration number 2005/006913/06) Share code: WSL ISIN: ZAE000069639 ("Wescoal" or the "Company") Resignation of Waheed Sulaiman as the Group Chief Executive Officer (“CEO”) and director of Wescoal Shareholders are advised of the resignation of Waheed Sulaiman, CEO of Wescoal with effect from 31 January 2019. The Board is appreciative of Waheed’s commitment and wishes him the best in his future endeavours. Shareholders are also advised that the Board is in the process of recruiting a CEO and confirms that Dr HLM Mathe, currently an independent non-executive director of Wescoal, will act in the position of CEO for the transitional period until a suitable candidate is appointed. Dr Mathe is recognized as a doyen in Mining, by industry peers, Government and across the Public sector. Dr Mathe also chairs the Council for Geoscience, Scinta South Africa and serves on the boards of Howden Africa Holdings Limited (listed on the JSE) and Handa Mining Corporation (listed on the Toronto Stock Exchange). He has served as an independent non-executive director of the Wescoal Board and is the Chairperson of the Social and Ethics Committee for the past four years. For any questions, please contact Mr Jacques de Bie of Singular Systems IR at jdebie@singular.co.za. 28 January 2019 Sponsor Nedbank Corporate and Investment Banking IR Advisor Singular Systems IR Date: 28/01/2019 01:30:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE'). The JSE does not, whether expressly, tacitly or implicitly, represent, warrant or in any way guarantee the truth, accuracy or completeness of the information published on SENS. The JSE, their officers, employees and agents accept no liability for (or in respect of) any direct, indirect, incidental or consequential loss or damage of any kind or nature, howsoever arising, from the use of SENS or the use of, or reliance on, information disseminated through SENS.